Board approves 40-acre Bikaner land buy, 9 staff units, Rs.12 crore CAPEX, pre-cast unit lease
Board of Vishal Nirmiti Ltd met on Thursday, 15th October 2026 and considered and approved four proposals.
By ScoutQuest · · 1 min read
- Land purchase
- about 40 acres at Gosainsar, Bikaner, Rajasthan
- Staff accommodation purchase
- 9 units in Arihant Arshiya Apartment, Khalapur, Raigad, Maharashtra, approx. total consideration Rs. 2.61 Crore
- CAPEX
- Rs.12 Crore for modernisation of sleeper and infrastructure sites and allied machinery
Vishal Nirmiti Ltd has informed the exchanges about the outcome of its board meeting held on Thursday, 15th October 2026. The board considered and approved four proposals.
What the board considered and approved
- Purchase of land admeasuring approximately 40 acres situated at Gosainsar, Bikaner, Rajasthan, for the purpose of expansion of the M.S. Pipe-related project of the company.
- Purchase of 9 (Nine) units in Arihant Arshiya Apartment, situated at Khalapur, Raigad, Maharashtra, for staff accommodation for employees and other personnel deployed at the project site, for an approximate total consideration of Rs. 2.61 Crore (Rupees Two Crores Sixty-One Lakhs only).
- Capital expenditure (CAPEX) of Rs.12 Crore (Rupees Twelve Crores only) for the modernisation of various sleeper and infrastructure sites, including the procurement of allied machinery, for enhancing operational efficiency and strengthening the company's infrastructure and machinery capabilities to meet its business and operational requirements.
- Leasing of the pre-cast manufacturing unit owned by the company and situated at Nadiad, Kheda, Gujarat, and authorising the execution of the requisite lease agreement and other related documents.
What the proposals involve
- The land purchase and the CAPEX relate to the company's own operations — expansion of the M.S. Pipe-related project and modernisation of sleeper and infrastructure sites with allied machinery.
- The apartment purchase is a spend of about Rs. 2.61 Crore for accommodation of employees and other personnel at the project site.
- The pre-cast manufacturing unit at Nadiad is owned by the company, and its leasing, along with execution of the lease agreement and related documents, was approved by the board.
Meeting details: the meeting of the board of directors commenced at 5:00 p.m. and concluded at 5:44 p.m.
Also from Vishal Nirmiti
Board meeting on 28 October 2026 to consider and approve unaudited standalone results
24 Oct 2026
More numbers
- Land admeasuring at Gosainsar, Bikaner, Rajasthanapproximately 40 acres
- Units purchased in Arihant Arshiya Apartment, Khalapur, Raigad9 (Nine) units
- Approx. total consideration for staff accommodation unitsRs. 2.61 Crore
- CAPEX for modernisation of sleeper and infrastructure sitesRs.12 Crore
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